News for Punjab & Sind Bank (PSB.BO)

AIBOA demands halt to disinvestment, merger of Nainital Bank, adequate recruitment, and 5-day week in banking industry.

The two banks which recently added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank which got added on Nov 27, 2024. Another bank which added to the list is Dhanlaxmi Bank on June 26, 2024.

Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.

State-run banks will present a strategic road map for capital-raising and expansion plans for FY 2025-26 to 2027-28 next month. The government plans to assess these projections to determine the timing and extent of its stake reductions in the banks, focusing on enhancing strategic capabilities like GenAI systems.

Investors eagerly eye public sector bank shares amidst government divestment plans and market volatility, anticipating strong growth potential.

Local merchant banks are likely to compete fiercely for arranging future government stake sales in public sector banks and listed financial institutions, despite low fees. This competition creates future opportunities. Foreign banks may also participate, though limited fees and stretched staff may deter them. Private and public sector banks, alongside brokerage-led institutions, are expected to pursue these mandates.

In February 2025, six banks adjusted senior citizen fixed deposit rates, offering up to 9.1% amid a 0.25% RBI repo rate cut. This move affects deposits under Rs 3 crore, impacting post-retirement finances.

Govt seeks merchant bankers, legal firms to cut stake in public sector banks, financial institutions

PSU bank stocks have fallen up to 34% in a year, facing deposit market share loss, weak margins, and competition from private banks. Despite strong earnings, analysts favor large private banks over PSU lenders.

At least three of the five public sector banks with more than 75% government ownership are expected to raise capital through qualified institutional placements in 2025-26

The Reserve Bank of India has cut the repo rate by 25 basis points to 6.25 percent. A repo rate cut benefits borrowers but affects fixed deposit investors. Banks will reduce FD rates soon. Seniors should invest in FDs now.

The Reserve Bank of India has reduced the repo rate, leading banks to soon lower fixed deposit interest rates. Small finance banks currently offer the highest FD rates, up to 9%, while private and public sector banks offer relatively lower rates. Investors should act quickly to benefit from existing higher rates.

Public sector banks (PSBs) have achieved their highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year, reflecting a 31.3% increase. This growth is accompanied by improved asset quality, strong credit growth, and sufficient capital buffers.

The RBI's repo rate impacts the interest rates banks charge for loans and the rates they set for investments like fixed deposits. It acts as a guide for banks on the interest rates they should offer.

'We plan to launch new initiatives, including cash flow-based lending, to ensure borrowers are not burdened and can access funds more quickly.'

UCO Bank plans to launch its qualified institutional placement of Rs 2,000 crore in the March quarter, Managing Director and Chief Executive Officer Ashwani Kumar said in the post earnings call.

Sugar export approval boosts sugar stocks; Muthoot Finance hits milestone; WCL coal production stagnant; IndusInd CFO resigns; Hitachi Energy raises funds.

Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement this quarter, reducing government holding by 3-4%. The go

Punjab & Sind Bank to raise ₹2,000 cr via QIP this quarter: MD & CEO Swarup Kumar Saha